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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's economic record is one big con
https://www.washingtonpost.com/opinions/2019/08/18/trump-economic-record-one-big-lie/<snip>
President Trump came into office promising some fabulous yet unspecified health-care plan to replace the Affordable Care Act. No plan existed; every plan Republicans came up with managed to reduce the number of insured. Trump promised never to cut entitlements; his fiscal 2020 budget proposal would have done just that.
Trump said hed bring back manufacturing. In fact, it slowed and now has slumped. (Manufacturing has slowed amid global uncertainty, NPR reported earlier this month. Thats one of the reasons the Federal Reserve gave for cutting interest rates this week.)
Trump said hed get tough on drug companies. He hasnt. He said his tax cut would be aimed at the middle class, deliver $4,000 a year to the average American family and permanently boost business investment, pushing growth above 3 percent. Nope, nope and nope.
The tax cut greatly favored the rich and corporations, no $4,000 raise materialized, business investment tapered off, growth is below 3 percent, and the deficit ballooned. Trump is incapable of being embarrassed, but youd think all those conservative think tanks, saner White House advisers (e.g. former adviser Gary Cohn) and supply-side theorists who pushed all this would be just a little sheepish.
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Trump's economic record is one big con (Original Post)
kentuck
Aug 2019
OP
smirkymonkey
(63,221 posts)1. K&R
Martin Eden
(12,844 posts)2. Trump is incapable of acknowledging those facts
He says whatever he wants his base to believe.
kentuck
(111,052 posts)3. He also promised a huge infrastructure bill...
I haven't seen any new roads or bridges??
Dr Vegas
(456 posts)4. and whatever happen to the Trump Healthcare Plan?
That he promised on June 16th , that would be rolled in a month or two>
I believe that was from his interview with George Stephanopoulos for ABC News.
I marked that down in my Datebook, just to see if he would do it.
bucolic_frolic
(43,044 posts)5. The Supply Side Lie
based on the Laffer Curve, a wishbone in form as well as function according to one wag economist, was that reducing taxes raised revenue. It has failed on every attempt.